Multiple Choice
Lara is a partner at Matador Services,a management consulting firm.She makes an agreement with Regal InfoTech whereby Matador will provide management consulting services for $75,000 to Regal,on the condition that Regal pays her $5,000 personally.Which of the following is true of this situation?
A) Lara has placed her own interests above those of the partnership.
B) Lara has exceeded her actual authority.
C) Lara is competing against her partnership.
D) Lara has not exercised her duty to serve.
Correct Answer:
Verified
Correct Answer:
Verified
Q73: How many partners must agree to modify
Q74: Frazier and Roz are partners.Frazier contributes $30,000
Q75: A partner's express and implied authority constitutes
Q76: Tim is a partner at Starland Properties
Q77: Gary and Felix are partners of a
Q79: Which of the following statements about LLPs
Q80: A partnership does not have the authority
Q81: Helen and Casey are partners.Helen contributes capital
Q82: Under which of the following circumstances will
Q83: Express authority:<br>A)is created by agreement of partners.<br>B)is